"I am certain we will spend one trillion dollars for the Iran war. Perhaps we have already racked up that amount."
"The Pentagon told Congress the first week of the war reportedly cost about $11.3 billion alone. If that rate of spending continued, the cost of the war would have exceeded $35 billion by April 1."
"Currently, Bilmes estimates the U.S. is spending about $2 billion per day on the war."
Following the Iraq war, initial cost estimates were significantly lower than later analyses. Joseph Stiglitz and Linda Bilmes estimated costs at $2 trillion, later revised to $4-6 trillion for both Iraq and Afghanistan. Bilmes now warns that the Iran war could cost one trillion dollars, with current spending at $2 billion per day. Initial Pentagon costs for the first week of the Iran conflict were reported at $11.3 billion, with projections suggesting a significant financial burden on American households.
Read at Fortune
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